52 posts categorized "Small Business"

Entrepreneurs Among the Bankrupt?

posted by Bob Lawless

I spent the past few days at the Law & Entrepreneurship Retreat that Gordon Smith put together at the University of Wisconsin Law School. Gordon also blogged about the retreat on The Conglomerate blog, complete with pictures. It was a great event, and I learned a lot. The other attendees were very gracious in putting up with my skepticism about entrepreneurial studies. The day's exchanges helped me think a lot about the topic and left me with the following.

One concept of entrepreneurial studies might be that it defines a group of scholars with cross-disciplinary interests in what might loosely be called "emerging businesses." Under this concept, entrepreneurial studies is a label that helps a set of scholars identify papers, conferences, and other opportunities for scholarly exchange. Thus, entrepreneurial studies can be seen as a flag around which a group of scholars have rallied. This loose social organization facilitates the accumulation of knowledge because these scholars otherwise would have stayed within their own intellectual silos, and the information that each knew would not have been shared with the larger scholarly community. That is a useful role for entrepreneurial studies.

There is a stronger claim, however, about entrepreneurial studies on which I remain a strong skeptic. That claim is that there exists a phenomenon called the "entrepreneur" and that we would agree on who is an entrepreneur such that the phenomenon can be the subject of scholarly study. My skepticism is not people do not start business, for they obviously do. Are all business startups entrepreneurial? If so, then is entrepreneurial studies just the study of business startups? Could I continue with more rhetorical questions to illustrate the point? I am not the first person to think about these questions, and my comments here probably will show my lack of knowledge about the literature. But I think my interest in bankruptcy gives me a slightly different way to get a handle on the question.

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The American Law & Economics Association Annual Meeting

posted by Angie Littwin

This weekend was the annual meeting of the American Law & Economics Association (ALEA).  It was a two-day conference at Harvard Law School, with five concurrent panels of three presenters for each time slot.  Although the topics ranged from plea bargains to family law to referees in the NBA, there was almost always a bankruptcy or contracts panel taking place.  (I knew I was on the right track because the sessions I wanted to see were all in the same room.  I got to know Pound 102 quite well.)

I saw too many presentations to recount all of them, so I’ll summarize briefly three papers I think will be of particular interest to Credit Slips readers. 

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  • As a public service, the University of Illinois College of Law operates Bankr-L, an e-mail list on which bankruptcy professionals can exchange information. Bankr-L is administered by one of the Credit Slips bloggers, Professor Robert M. Lawless of the University of Illinois. Although Bankr-L is a free service, membership is limited only to persons with a professional connection to the bankruptcy field (e.g., lawyer, accountant, academic, judge). To request a subscription on Bankr-L, click here to visit the page for the list and then click on the link for "Subscribe." After completing the information there, please also send an e-mail to Professor Lawless (rlawless@illinois.edu) with a short description of your professional connection to bankruptcy. A link to a URL with a professional bio or other identifying information would be great.

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